support for the self-employed

The government has announced a new Self-Employed Income Support Scheme to support those who work for themselves. Data from 2018/19 indicated as many as 66,000 people in Dorset could be directly impacted by these measures. 

Skip Navigation Links

Last updated: 23 October 2020

Self Employment Income Support (SEISS) Grant Extension: The SEISS Grant Extension provides critical support to the self-employed. The grant will be limited to self-employed individuals who are currently eligible for the SEISS and are actively continuing to trade but are facing reduced demand due to COVID-19.

The extension will provide two grants and will last for six months from November 2020 to April 2021. Grants will be paid in two lump sum instalments each covering a three-month period.

The first grant will cover 3 months’ worth of profits from the start of November until the end of January. It will be worth 20% of average monthly profits and will capped at £1,875 in total.

Further information is available on the SEISS Grant Extension webpage.

There is other support available if you’re not eligible for the grant. If you have other employment as a director or employee paid through PAYE your employer may be able to get support using the Coronavirus Job Retention Scheme.

Free online coronavirus resource for self-employed
Chartered accountants and business advisors PKF Francis Clark have launched an online calculator to help the self-employed find out the help they can expect from the government’s Coronavirus Income Support Scheme.

The Prince’s Trust and NatWest Enterprise Relief Fund
The £5million Enterprise Relief Fund will offer grants to 18 to 30-year olds across the UK who are self-employed and/or running their own business. In conjunction with cash grants, the initiative will offer one-to-one support and guidance to anyone who needs it and who may be worried about their future.

Grants can be used to maintain core business operations during the crisis, as well as meet any existing financial commitments, such as paying for essential equipment or settling invoices from suppliers. Additionally, grants can also support you to diversify your business to respond to opportunities created by the crises.

If your business has been affected by Coronavirus but you are starting to open up again and need support to help you to do this, or perhaps to sustain your business through any ongoing reduced trading levels, this could be a great potential use of the grant.

Further information and application details are available here.